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Prince Alwaleed bin Talal is not deterred by Citi's nearly 90 percent stock slide. He plans to boost his stake to 5 percent from less than 4 percent, calling the bank's shares "dramatically... Read more...
How far are we from the bottom? Well, there are plenty of signs that we're not there yet; Fannie Mae's big loss is one indication. So it certainly can't hurt that more banks--IndyMac seems to have... Read more...
So who's to blame for the credit mess the whole country is now in? Well, it would be too easy to point a finger at any single entity. The New York Times offers an insightful look at one of several... Read more...
Does it ever seem that the financial services world is one big insiders game, even when it comes to regulatory activity? Here's how Business Week puts it: "Some of the finance outfits being tapped by... Read more...
Lehman Brothers wasn't worth any public money. But AIG? Well, that's another story. After the Bear Stearns, Fannie Mae and Freddie bailouts, people applauded when Treasury Secretary Henry Paulson... Read more...
The credit crunch has been cruel to some fund managers, notably Bill Miller of Legg Mason, who kept on buying as financial stocks kept on tanking. On the other hand, Bill Gross of on-fire Pimco, went... Read more...
The spotlight shifted a bit from Fannie Mae and Freddie Mac right back to Lehman Brothers, leaving little room for others. But the New York Times managed to squeeze in Washington Mutual, whose stock... Read more...
The bailout of Fannie and Freddie has been a rank disaster for common shareholders of the two companies. They are clearly the big losers. The preferred shares are not as widely owned, but regional... Read more...
We've discussed Morgan Stanley's behind the scenes role in the bailout of Fannie and Freddie. You've no doubt heard that Morgan Stanley stars Bob Scully and Ruth Porat headed a team of 39 executives... Read more...
For all the mismanagement that plagued the GSEs, they really did what they were supposed to. They expanded homeownership in America. And by moving into subprimes and other non-prime loans, they ended... Read more...